Transwestern Real Estate Services’ (TRS) South Florida Industrial team of Walter Byrd, Ben Eisenberg, Thomas Kresse, John Vaught and Carlos Gaviriacompleted 21sales and lease transactions totaling 2.48 million square feet and $439 million in value over the past four months.
“Demand for high-quality, strategically-located industrial space remains fierce throughout South Florida,” said Eisenberg, Executive Managing Director at Transwestern. “We are focused on helping our clients find and execute on opportunities that optimize the value of their real estate by leveraging deep local knowledge, strong relationships and Transwestern’s industry-leading research and analytics platform.”
According to market research by Transwestern, Miami absorbed nearly 800,000 square feet of industrial space during the last quarter. The market has experienced consistently strong occupancy growth with positive net absorption reported in each quarter for the past four years.
Miami industrial sales cooled during the first quarter of 2022. Nonetheless, more than $1.8 billion of industrial real estate traded hands in the past 12 months. Pricing has risen consistently during the past six quarters, climbing to a record-high average of $188 per square foot.
Transwestern’s South Florida Industrial team provides creative solutions that maximize real estate value through a sophisticated and proven methodology that helps meet and exceed financial objectives. With nearly 100 years of combined experience, the team uses deep market knowledge and industry expertise to uncover hidden opportunities and capitalize on shifting market dynamics.
